Stryker Corporation

Company Description

Stryker Corporation is a medical technology company. It produces and markets implants for joint replacement and trauma surgeries, as well as a number of equipment and systems for surgery, endoscopy, emergencies and patient handling, neurosurgical, neurovascular, and spinal devices, and a number of other medical device products for various medical specialties.

Detailed Description

Stryker Corporation operates as a medical technology company. The company operates through two segments, MedSurg and Neurotechnology, and Orthopaedics and Spine. The Orthopaedics and Spine segment provides implants for use in hip and knee joint replacements, and trauma and extremities surgeries. This segment also offers spinal implant products comprising cervical, thoracolumbar, and interbody systems that are used in spinal injury, deformity, and degenerative therapies. The MedSurg and Neurotechnology segment offers surgical equipment and surgical navigation systems, endoscopic and communications systems, patient handling, emergency medical equipment and intensive care disposable products, reprocessed and remanufactured medical devices, and other medical device products that are used in various medical specialties. This segment also provides neurotechnology products, which include products used for minimally invasive endovascular techniques; products for brain and open skull based surgical procedures; orthobiologic and biosurgery products, such as synthetic bone grafts and vertebral augmentation products; minimally invasive products for the treatment of acute ischemic and hemorrhagic stroke; and craniomaxillofacial implant products, including cranial, maxillofacial, and chest wall devices, as well as dural substitutes and sealants. The company sells its products to doctors, hospitals, and other healthcare facilities through company-owned subsidiaries and branches, as well as third-party dealers and distributors in approximately 75 countries. Stryker Corporation was founded in 1941 and is headquartered in Kalamazoo, Michigan.

Product & Services

Medical devicesorthopaedic implantssurgical equipmentneurovascular productspatient handling and emergency medical equipment

Key People

Founder(s): Homer Stryker

Kevin A. Lobo (Chairman and CEO) Timothy J. Scannell (President and COO)

Financials

Revenue: US$17.108 billion (2021)

Operating income: US$2.584 billion (2021)

Net income: US$1.994 billion (2021)